“Bitcoin's going to $200K and Marathon is basically a leveraged BTC play with mining upside”
“Timber is the only asset class that literally grows. It's an inflation hedge, a carbon sink, and a real asset. Bitcoin is speculative mania with no intrinsic value.”
“UK equities trade at a 40% discount to global peers on every valuation metric. The US trades at a 100% premium. You don't need a catalyst when the gap is this extreme.”
“Vertical Aerospace is the European eVTOL play with American Airlines backing”
“Climate change is real, accelerating, and will redirect trillions in capital. Clean energy is early in a multi-decade buildout. Oil exploration is a stranded asset in formation.”
“International small-cap value is the cheapest asset class GMO tracks. US large-cap growth is the most expensive. Mean reversion is the most reliable force in finance.”
“US mega-cap growth trades at 3 standard deviations above fair value. Emerging markets trade below book. Every bubble in history has burst. This valuation gap will close violently.”
“Li Auto is profitable in China EVs while NIO bleeds cash trying to be premium”
“European banks at 0.6x book with rising NII vs US tech at 30x earnings pricing in perfection. One has nowhere to go but up, the other has nowhere to go but down.”
“The world faces declining soil quality, water scarcity, and rising food demand. Mosaic's potash and phosphate are essential. Ralph Lauren sells aspirational branding at peak-cycle margins.”
“When the superbubble bursts, quality companies with strong balance sheets and consistent earnings survive. Social-media-sentiment-driven speculation gets annihilated.”